---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-088707"
form_type: "8-K"
ticker: "ICU"
cik: "0001831868"
company_name: "SeaStar Medical Holding Corp"
filed_at: "2025-06-23T23:59:59+00:00"
generated_at: "2026-05-19T00:07:42.595531+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SeaStar Medical raises $4M in public offering, cuts executive salaries by 20%

## Summary
- SeaStar Medical priced a public offering of 6,153,847 shares, pre-funded warrants, and Series A/B warrants at $0.65 per combined unit, expecting approximately $4M gross proceeds.
- The company reduced CEO Eric Schlorff, CFO David Green, and CMO Kevin Chung's annual base salaries by 20% to cut monthly operating expenses by about $50,000.
- Nasdaq granted an exception until June 22, 2025, for SeaStar Medical to demonstrate compliance with the $2.5M stockholders' equity requirement; company believes it is now compliant.
- In May and June 2025, approximately $1.2M of employee compensation and director fee liabilities were extinguished through waivers.
- The offering closed on June 23, 2025, with H.C. Wainwright as placement agent; proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0000950170-25-088707
- form_type: 8-K
- ticker: ICU
- cik: 0001831868
- company_name: SeaStar Medical Holding Corp
- filed_at: 2025-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831868/000095017025088707/0000950170-25-088707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831868/000095017025088707/icu-20250617.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-088707
- JSON: https://secwatch.observer/filing/0000950170-25-088707.json
- Plain text: https://secwatch.observer/filing/0000950170-25-088707.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.